Center for Microeconomic Data

 
SAVING AND SPENDING 
Reports and Data
Quarterly Report on Household Debt and Credit
This report provides a snapshot of household trends in borrowing and indebtedness (released in February, May, August, and November).

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Survey of Consumer Expectations
Focus: Consumer expectations regarding inflation, the labor market, and household finance. Fielded monthly since 2013.

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SCE Credit Access Survey
Focus: Consumers’ experiences and expectations regarding credit demand and credit access. Updated every four months since 2013.

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SCE Household Spending Survey
Focus: Consumers' experiences and expectations regarding household spending, budgeting, and saving. Updated every four months since 2014.

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Analysis
Liberty Street Economics
Who’s Paying Those Overdraft Fees?
May 2025
Recent Shifts Seen in Consumers’ Public Policy Expectations
April 2025
Income Growth Outpaces Household Borrowing
November 2024
Learning by Bouncing: Overdraft Experience and Salience
April 2024
How and Why Do Consumers Use “Buy Now, Pay Later”?
February 2024
Archive
2023
Borrower Expectations for the Return of Student Loan Repayment
October 2023
An Update on the Health of the U.S. Consumer
October 2023
Who Is Offered and Uses Buy Now, Pay Later?
September 2023
Not Just “Stimulus” Checks: The Marginal Propensity to Repay Debt
June 2023
More
Who Received Forbearance Relief?
August 2021
An Update on How Households Are Using Stimulus Checks
April 2021
How Do Consumers Believe the Pandemic Will Affect the Economy and Their Households?
October 2020
How Have Households Used Their Stimulus Payments and How Would They Spend the Next?
October 2020
Consumers Expect Modest Increase in Spending Growth and Continued Government Support
September 2020
The Disproportionate Effects of Covid-19 on Households with Children
August 2020
Amid the COVID-19 Outbreak, Consumers Temper Spending Outlook
May 2020
U.S. Consumer Debt Payments and Credit Buffers on the Eve of COVID-19
May 2020
How Widespread Is the Impact of the COVID-19 Outbreak on Consumer Expectations?
April 2020
Mind the Gap in Delinquency Rates
August 2019
Shifts in Credit Market Participation over Two Decades
May 2019
Expecting the Unexpected: Job Losses and Household Spending
March 2019
Introducing the SCE Household Spending Survey
February 2019
A Closer Look at Recent Tightening in Consumer Credit
December 2018
Mixed Impacts of the Federal Tax Reform on Consumer Expectations
May 2018
Political Polarization in Consumer Expectations
December 2017
Household Borrowing in Historical Perspective
May 2017
Do Credit Markets Watch the Waving Flag of Bankruptcy?
May 2017
Just Released: 2017 SCE Housing Survey Finds Increased Optimism about Home Price Growth
May 2017
At the N.Y. Fed: Press Briefing on Household Borrowing with Close-Up on Student Debt
April 2017
Household Borrowing, Student Debt Trends, and Homeownership
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, April 2017
Presentation: Press Briefing on Household Debt with a Focus on Student Debt
Rajashri Chakrabarti, Andrew Haughwout, Donghoon Lee, Joelle W. Scally, and Wilbert van der Klaauw
NEW YORK FED, April 2017
When Debts Compete, Which Wins?
March 2017
Just Released: Total Household Debt Nears 2008 Peak but Debt Picture Looks Much Different
February 2017
Measuring Americans’ Expectations following the 2016 Election
January 2017
Evolving Consumer Behavior
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, January 2017
Just Released: Recent Developments in Consumer Credit Card Borrowing
August 2016
Which Households Have Negative Wealth?
August 2016
Just Released: 2016 SCE Housing Survey Shows Modest Decline in Home Price Expectations
June 2016
The Graying of American Debt
February 2016
Whither Mortgages?
February 2016
Just Released: Household Debt Grew Slowly in 2015 as Mortgage Balances Stayed Flat
February 2016
Remarks at the New York Fed’s Economic Press Briefing on the Household Debt and Credit Report
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, February 2016
Trends in Debt Concentration in the United States by Income
November 2015
Just Released: Mortgage Borrowing among Most Creditworthy Abates
May 2015
Just Released: SCE Credit Access Survey Shows Higher Likelihood of Consumers Applying for Credit
March 2015
Household Formation within the “Boomerang Generation”
February 2015
Just Released: Household Debt Balances Increase as Deleveraging Period Concludes
November 2014
Introducing the SCE Credit Access Survey
November 2014
Why Aren’t More Renters Becoming Homeowners?
September 2014
Rising Household Debt: Increasing Demand or Increasing Supply?
May 2014
Just Released: Who’s Borrowing Now? The Young and the Riskless!
February 2014
Introducing the FRBNY Survey of Consumer Expectations: Household Finance Expectations
December 2013
Just Released: Deleveraging Decelerates and Household Balances Increase
November 2013
Unmet Credit Demand of American Households
November 2013
My Two (Per)cents: How Are American Workers Dealing with the Payroll Tax Hike?
May 2013
Just Released: Press Briefing on Household Debt and Credit
February 2013
How Severe Was the Credit Cycle in the New York-Northern New Jersey Region?
January 2013
Just Released: Has Household Deleveraging Continued?
August 2012
A Boost in Your Paycheck: How Are U.S. Workers Using the Payroll Tax Cut?
May 2012
Just Released: Household Debt and Credit Developments in the Nation and the Region in 2011:Q1
May 2011
Have Consumers Been Deleveraging?
March 2011
Regional Economy and Trends in Household Debt
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, February 2011
Publications
BY CMD RESEARCHERS
Subjective Uncertainty and the Marginal Propensity to Consume
Gizem Kosar and Davide Melcangi
Federal Reserve Bank of New York Staff Reports, April 2025
Personal Bankruptcy Protection and Household Debt
Felipe Severino, Meta Brown, and Rajashri Chakrabarti
Federal Reserve Bank of New York Staff Reports, April 2024, Revised December 2024
How Economic Crises Affect Inflation Beliefs: Evidence from the COVID-19 Pandemic
Olivier Armantier, Gizem Kosar, Rachel Pomerantz, Daphné Skandalis, Kyle Smith, Giorgio Topa, and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports, November 2020
Archive
More
Trends in Household Debt and Credit
Andrew F. Haughwout, Donghoon Lee, Joelle W. Scally, Lauren Thomas, and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports, April 2019
Access to Credit and Financial Health: Evaluating the Impact of Debt Collection
Julia Fonseca, Katherine Strair, and Basit Zafar
Federal Reserve Bank of New York Staff Reports, May 2017
Disaster (Over-)Insurance: The Long-Term Financial and Socioeconomic Consequences of Hurricane Katrina
Zachary Bleemer and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports, February 2017
Tracking and Stress-Testing U.S. Household Leverage
Andreas Fuster, Benedict Guttman-Kenney, and Andrew F. Haughwout, FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS
November 2016
Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports
WILL DOBBIE, PAUL GOLDSMITH-PINKHAM, NEALE MAHONEY, AND JAE SONG, FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS
October 2016
Do We Know What We Owe? Consumer Debt as Reported by Borrowers and Lenders
Meta Brown, Andrew Haughwout, Donghoon Lee, and Wilbert van der Klaauw
FEDERAL RESERVE BANK OF NEW YORK ECONOMIC POLICY REVIEW, October 2015
Financial Education and the Debt Behavior of the Young
META BROWN, JOHN GRIGSBY, WILBERT VAN DER KLAAUW, JAYA WEN, AND BASIT ZAFAR
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, September 2015
Subjective Intertemporal Substitution
Richard K. Crump, Stefano Eusepi, Andrea Tambalotti, and Giorgio Topa
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, July 2015
Business Cycle Fluctuations and the Distribution of Consumption
GIACOMO DE GIORGI AND LUCA GAMBETTI
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, March 2015
The Financial Crisis at the Kitchen Table: Trends in Household Debt and Credit
Meta Brown, Andrew F. Haughwout, Donghoon Lee, and Wilbert van der Klaauw
FEDERAL RESERVE BANK OF NEW YORK CURRENT ISSUES IN ECONOMICS AND FINANCE, April 2013
A Boost in the Paycheck: Survey Evidence on Workers’ Response to the 2011 Payroll Tax Cuts
Grant Graziani, Wilbert van der Klaauw, and Basit Zafar
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, January 2013
Household Debt and Saving during the 2007 Recession
RAJASHRI CHAKRABARTI, DONGHOON LEE, WILBERT VAN DER KLAAUW, AND BASIT ZAFAR
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, January 2011
CONTACT CMD
cmd@ny.frb.org
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